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Sept 13, 2019 Petrobras informs that it has approved a staff plan for employees allocated to assets/units in divestment process, which provides for three tools: Internal Recruitment, Termination by Mutual Agreement Procedure (PDA) and a Specific Voluntary Severance Program (PDV). The staff plan will be presented to the employees at the beginning of the binding... Continue Reading →
September 13, 2019 Petróleo Brasileiro S.A. - Petrobras reports that it has started the opportunity disclosure stage (Teaser), regarding the sale of its interests in two onshore concessions, including outflow facilities, denominated Cupiúba and Carapanaúba Cluster, located in the state of Amazonas. The Teaser, which contains key asset information and eligibility criteria for selection of... Continue Reading →
Sept 13, 2019 The Agency (ANP) approved the Petrobras sale of Carapeba, Pargo and Vermelho fields, in the Campos Basin to Perenco. The deal, signed in November last year, was closed for $ 370 million, with 20% ($ 74 million) paid at the time. The remainder will be paid upon closing of the transaction, considering... Continue Reading →
September 13, 2019 Petróleo Brasileiro S.A. - Petrobras, following up on the releases disclosed on April 26, 2019 and June 28, 2019, reports the beginning of the opportunity disclosure stage (teasers) regarding the second phase of sale processes of downstream assets and associated logistics in Brazil, which includes: Gabriel Passos Refinery (REGAP) in Minas... Continue Reading →
The U.S. briefly became the world’s No. 1 oil exporter as record shale production found its way to global customers, and there are prospects for more. Surging output from shale helped America ship almost 9 MMbpd of crude and oil products in June, surpassing Saudi Arabia, the International Energy Agency said in a report, citing... Continue Reading →
September 12, 2019 GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador, today announced the expansion of its portfolio with four new exploration blocks in the Reconcavo and Potiguar basins... Continue Reading →
Liquid production growth for non-OPEC countries reached the highest rate on record in 2018, with a growth of almost 2.9 million barrels per day (bbl/d), according to Norwegian energy intelligence company, Rystad Energy. For this year, the trend suggests that non-OPEC countries’ liquid production will reach above 2 million bbl/d once again, led by tight... Continue Reading →
September 12, 2019 Petróleo Brasileiro S.A. - Petrobras, in addition to the Notice to the Market issued on August 16, 2019 and the release disclosed on August 30, 2019, reports that it received today the Official Letter No. 441/2019/CVM/SRE/GER-2, by which CVM revokes the suspension of the company's public offering of debentures (7th issue), effective... Continue Reading →
September 12, 2019 Petrobras formulates sales models for the pre-salt pipelines with partners, scheduling operation for 2020 Petrobras is preparing an unprecedented operation to reduce its stake in the Route 1, Route 2 and Route 3 pipelines, which are responsible for interconnecting the Santos cluster fields to the coast of Rio de Janeiro and São... Continue Reading →
Sept 11, 2019 TechnipFMC has announced that Videolar-INNOVA S.A. (INNOVA) has recently started the activities of the first Direct Heating Unit (DHU) in Brazil. This innovative technology for adding heat to high temperature processes employs flameless combustion for dehydrogenation of ethylbenzene into styrene. INNOVA's 420,000 metric tons styrene plant, located in Triunfo (RS), Brazil, is... Continue Reading →
